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Workplace: A brief look at hires, promotions, awards and honors

New hires and promotions Joe Kelly has been appointed as president of 1st Summit Bank, expanding his leadership role at the community bank as it continues to position itself for future growth. Kelly, who currently serves as the Chief Credit Officer, will continue in that role while assuming his responsibilities as president. He will oversee the day-to-day operations of the organization with a focus on supporting employees, strengthening relationships throughout the communities the bank serves and ensuring continued operational success. Awards and honors Patty Shaw, CEO of ...

Regulators OK robotaxis without steering wheels

Federal regulators are clearing the way for robotaxis to operate without steering wheels or eventually even brake pedals as the rules start to catch up to the evolving technology. Amazon’s fully autonomous Zoox vehicles got approval Thursday to begin charging customers for rides in the ...

US stocks rise to finish July

NEW YORK (AP) — U.S. stocks rose Friday to finish a wildJuly for Wall Street as Amazon leaped, Apple sank and rising oil prices worsened worries about inflation staying high. The S&P 500 climbed 0.7% after veering between gains and losses through the day. The Dow Jones Industrial Average added 276 points, or 0.5%, and the Nasdaq composite rallied 1% after briefly losing all of an early 1.3% jump. It’s a fitting finish to July for the U.S. stock market, which lurched up and down as oil prices shot higher because of the war with Iran and worries grew about whether Big Tech’s ...

Microsoft’s best day since 2008 leads stocks

NEW YORK — A monster day for Microsoft’s stock following signals that its big spending on AI is translating into profits led a powerful rebound on Wall Street Thursday, while computer-chip companies regained some of their sharp recent losses. In the bond market, though, worries remained ...

Briefcase: Penn Highlands pharmacy accredited

Penn Highlands Specialty Pharmacy has achieved a major milestone by earning dual accreditation from URAC and the Accreditation Commission for Health Care. This prestigious double recognition demonstrates Penn Highlands Specialty Pharmacy’s commitment to the highest standards of quality care, performance, patient safety and operational excellence. Penn Highlands Specialty Pharmacy, located in DuBois, is a state-licensed pharmacy that provides medications for people with complex medical conditions, such as cancer, autoimmune disorders and other specialty conditions. By meeting the ...

Ticker: US economy grows at a sluggish 1.5 percent

The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose. And the Federal Reserve’s favored measure of inflation grew more slowly last month, but remained above the central bank’s 2% target. The Commerce Department reported Thursday that growth in U.S. gross domestic product — the nation’s output of goods and services — decelerated from 2.1% in the first three months of 2026 and came in below economists’ expectations. Mortgage rate rises to highest level in a year The average long-term U.S. ...